Financial Analyst - Capital Planning & Accounting
Company: Boston Medical Center
Location: Lynn
Posted on: June 25, 2022
Job Description:
Boston Medical Center (BMC) is more than a hospital. It's a
network of support and care that touches the lives of hundreds of
thousands of people in need each year. It is the largest and
busiest provider of trauma and emergency services in New England.
Emphasizing community-based care, BMC is committed to providing
consistently excellent and accessible health services to all-and is
the largest safety-net hospital in New England. The hospital is
also the primary teaching affiliate of the nationally ranked Boston
University School of Medicine (BUSM) and a founding partner of
Boston HealthNet - an integrated health care delivery systems that
includes many community health centers. Join BMC today and help us
achieve ourVision 2030 which is a long-term goal to make Boston the
healthiest urban population in the world. Position: Financial
Analyst - Capital Planning & Accounting Department: Financial
Planning and Budget Schedule: Full Time POSITION SUMMARY: The
Finance Department at Boston Medical Center is seeking a detail
oriented analyst who takes initiative and functions well in a
collaborative environment. Under the supervision of the Manager of
Capital Planning, the Financial Analyst performs the daily and
monthly financial functions of the capital planning process,
including capital budgeting, project administration, requisition
review, and financial reporting preparation. In addition, the
Financial Analyst performs all accounting functions related to the
reporting of property, plant, and equipment, including journal
entry preparation, management of the Asset Management system,
financial statement and footnote preparation, as well as ad hoc
reporting and analysis. The Financial Analyst works collaboratively
with Accounting, Finance, and various departments throughout the
Boston Medical Center Health System to ensure efficient use of
capital and accurate reporting of property, plant, and equipment.
ESSENTIAL RESPONSIBILITIES / DUTIES: Capital Planning
- Monitor and ensure financial policies and procedures are
followed within the department; ensure financial information and
plans remain confidential
- Assist in the annual capital budgeting and planning
process
- Administer and review all capital budgets; monitor progress and
changes and provide updates to Manager of Capital Planning and
Director of Budgeting and Capital Planning on the status of capital
issuances
- Review all capital requisitions for accuracy and confirm that
each requisition meets the Health System's policy for capital
purchases; assign asset templates to each requisition based on
asset location and estimated useful life
- Participate in the quarterly assessment and review of capital
project requests
- Work with Financial Planning & Analysis team to review and
evaluate all strategic initiatives for capital purchases
- Prepare financial content and analytics for financial
presentations to System's Board of Trustees and Finance Committee
(capital spend, key ratios, etc.)
- Maintain policies and procedures related to capital
processing
- Collaborate with Accounting and Budgeting departments to
provide clear and precise guidelines to ensure accurate
classification for all capital purchases
- Assist with ad-hoc project related inquiries
- Maintain Strata Capital Management system and the setup of all
capital projects in Infor; perform periodic reconciliations between
systems and research any discrepancies
- Work with Finance Information Systems department to
troubleshoot any capital system interface issues
- Build a comprehensive knowledge base of capital and project
accounting software and applications, including Strata Capital
Management and Infor Projects
- Review open balances on capital purchase orders and communicate
aging balances with respective departments to ensure efficient use
of committed capital
- Prepare special reports by collecting, analyzing, and
summarizing information and trends Accounting
- Build comprehensive knowledge base of the Asset Management
module in Infor
- Manage monthly close of the Asset Management module for the
Boston Medical Center Health System, prepare accruals and other
journal entries related to property, plant, and equipment, and
coordinate with Accounting as part of the monthly and year-end
close process
- Prepare periodic reconciliations of all property, plant, and
equipment accounts
- Communicate with various departments across the Health System
to determine the status of all capital projects at certain period
close dates
- Maintain clear documentation and organized records for all
communications and reconciliations related to property, plant, and
equipment
- Prepare financial statement data and footnote support for
property, plant, and equipment; assist Accounting in the annual
audit; prepare financial reports and responses for audit team as
requested
- Assist in the documentation and maintenance of policies and
procedures related to the accounting for and reporting of property,
plant, and equipment
- Collaborate with Accounting, Treasury, and Budgeting
Departments in the annual budget process and multi-year forecasting
of depreciation expenses
- Prepare financial content and analytics for presentations to
management
- Other duties as assigned Must adhere to all of BMC's RESPECT
behavioral standards. JOB REQUIREMENTS EDUCATION: Bachelor's degree
in Accounting or Finance CERTIFICATES, LICENSES, REGISTRATIONS
REQUIRED : EXPERIENCE: 1-2 years of professional experience in a
financial analysis or accounting function; internships included in
work experience and experience may be waived for candidates with a
Master's degree. KNOWLEDGE AND SKILLS:
- Advanced skills in Microsoft Office, with a focus on Excel.
Experience with or ability to learn Infor, Strata, and additional
application systems.
- Detail oriented with strong organizational skills.
- Excellent written and verbal communication skills. Ability to
work with individuals with a variety of backgrounds and at all
levels of the organization.
- Proven self-starter; ability to problem solve and manage work
with limited supervision.
- Timely and dedicated work ethic; high degree of integrity.
Associated topics: analyse, business analyst, business systems
analyst, financial analytic, forecasting, guidance, investment
banking, monitor, refine, valuation analyst
Keywords: Boston Medical Center, Lynn , Financial Analyst - Capital Planning & Accounting, Accounting, Auditing , Lynn, Massachusetts
Didn't find what you're looking for? Search again!
Loading more jobs...